INTELLIGENT MOBILE TECHNOLOGY
Telecom acquires stake in OpenPass company
Telecom acquires a stake in the OpenPass company to continue consolidating its fintech operation and promoting the expansion of the b2b business in the region .
T elecom and OpenPass close a strategic agreement with the aim of strengthening themselves in the fintech market with a strong focus on consolidating local business and the regionalization of financial technology solutions .
Since the launch of Personal Pay , Personal ’ s virtual wallet , OpenPass has been a central piece for its development , providing the fintech core and the time to market on which it was leveraged , contributing to the rapid launch and growth during the first year in the market .
With this new shareholding , Telecom , together with Personal Pay , together with OpenPass , now as strategic partners , consolidate its Fintech operation for Argentina and promote expansion in the region by offering b2b solutions to new markets .
“ This strategic alliance for Personal Pay is an opportunity to continue scaling and promoting our proposal for digital financial services , both for individuals with our virtual wallet and for companies , providing new solutions of greater value to new clients / companies in Argentina , Paraguay and other markets ,” said Martín Heine , Director of Digital Growth at Telecom Argentina .
“ In this way , we strengthen the operation of Personal Pay in the country and seek to be a reference platform that allows us to scale and provide the best financial technology solutions in the region .”
Sebastián Tamanaha , CEO of OpenPass said : “ Our goal at OpenPass is to be the technological enabler that allows any company to develop its own financial services layer and its Fintech side .
“ Adding a partner of the caliber of Telecom is a source of pride and gives us the opportunity to continue growing and innovating , thus being able to offer our services to the region , betting on the development of the economy in Latin America .”
This new step will speed up joint work initiatives , which are already underway and develop the best innovation alternatives in search of new solutions and functionalities for the local market and the region . In this way , Telecom , with its Personal Pay virtual wallet together with OpenPass , continue to consolidate as key players in the Fintech industry in Argentina and Latin America . •
40 40 www . intelligenttechchannels . com / latam